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Aided by a strong loan growth, Pune-based non-banking finance company -- Bajaj Finance on Friday reported 48% year-on-year jump in its second quarter (July-September) net profit at around Rs 130 crore. The net interest income (NII) or the difference between interest earned and paid out, climbed 36% y-o-y to Rs 442 crore.
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The government bail out package for cash-strapped state power distribution companies (Discoms) is unlikely to have any immediate impact on banks, which had loaned them. However, lenders are expected to get long term benefits provided the scheme is implemented right in time, analysts tracking banks said.
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Abhijit Paul, Brics Securities feels that below Rs 1450 UltraTech Cement may fall 8-10%.
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Dhanlaxmi Bank has potential to move upto Rs 96-97, says Abhijit Paul, Brics Securities.
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Steel Authority of India (SAIL) is a good trading bet in metals space, says Abhijit Paul, Brics Securities.
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Avoid taking long positions in TCS for short term, says Abhijit Paul, Brics Securities.
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Sterlite Industries has support at Rs 111, says Abhijit Paul, Technical Analyst, Brics Securities.
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Buy Voltas close to Rs 98, says Abhijit Paul, Technical Analyst, Brics Securities.
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Hemant Thukral advises to wait till afternoon if one wants to go long. At 5300, you will see long support coming in
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The SBI posted forecast beating third quarter numbers. A proud SBI boss Pratip Chaudhury proclaimed, "The worst is over!" Even the SBI shares fell more than 2% on the day of Q3 announcement, the market gave a thumbs up on the day after. The shares today closed at Rs 2,200 , up 3.18% on the NSE. So, is it the right time to buy SBI?
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HDIL can move to Rs 113-115, says Abhijit Paul, AVP - Technical Analyst, Brics Securities.
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One should hold DLF, says Abhijit Paul, AVP - Technical Analyst, Brics Securities.
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HDIL can move to Rs 95-97, says Abhijit Paul, AVP - Technical Analyst, Brics Securities.
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ONGC can touch Rs 305, says Abhijit Paul, AVP - Technical Analyst, Brics Securities.
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Hold Bharti Airtel, says Abhijit Paul, AVP - Technical Analyst, Brics Securities.
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Abhijit Paul, AVP - Technical Analyst, Brics Securities advice investors to buy M&M and short Tata Motors.
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DLF and HDIL are the best bets in realty space, says Abhijit Paul, AVP - Technical Analyst, Brics Securities.
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The Supreme Court verdict on multi-crore 2G scam has raised apprehension on the asset quality of banks, already battling to check the rise of non-performing assets. The apex Court on Thursday cancelled licenses of 122 telecom companies, which were allotted by the former telecom minister A Raja.
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Technical Analyst at Brics Securities, Abhijit Paul, tells CNBC-TV18 that some steam in the short-term could give the Nifty a rally to 4700-4710 levels.
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Above Rs 550, JSW Steel may move to Rs 650, says Abhijit Paul, Brics Securities.
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Grasim Industries has support around Rs 2420- 2400, says Abhijit Paul, Brics Securities.
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SBI is a best bet in banking space, says Abhijit Paul, Brics Securities.
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Even as the situation around the world slowly gains support, investors in India will have to play the wait-and-watch game to see if there is a potential pullback on the last day of trade for 2011.
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Axis Bank and IDFC are looking good, says Abhijit Paul, AVP - Technical Analyst, Brics Securities.
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Jaiprakash Associates may test Rs 70, says Abhijit Paul, AVP - Technical Analyst, Brics Securities.
